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Why is there no option to put the primary beneficiary names in the Leading Member Discretionary Trust, unlike the Discretionary Trust (Non-Foreign Person)?
It is because of the recent Owies case that LightYear Docs LMDT deeds do not have named beneficiaries. It has the the Leading Member Appointors and their bloodline as the beneficiaries.
Please be advised this is general information only, and is not to be taken as legal advice. If you would like more information, or have a legal query, please contact Abbott & Mourly directly.
Reviewed: 17/01/2024